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Are you looking to set up an alternative investment fund? If so, then Hedgeweek’s “Setting up an Alternative Fund in Europe” will give you access to world class experts providing advice on how to navigate this challenging path.
This one-day forum is designed to help aspiring fund managers understand each of the critical steps involved in successfully bringing an alternative fund to market.
Getting the planning right at the pre-launch phase can potentially make the difference between success and costly failure.
This is a unique opportunity to get access to industry experts covering all the facets of setting up a
- 06/06/2016
NewAlpha Asset Management, the Paris-based global fund incubation and acceleration specialist, has made a strategic investment with Naqvi-Van Ness Asset Management (Naqvi-Van Ness).
In 2001, Ali Naqvi and Albert Van Ness founded Naqvi–Van Ness Asset Management (NVAM) with founders’ capital to develop a systematic investment approach. This effort resulted in a research-intensive firm with proprietary models that utilise factors and insights underpinned by investor behavior and persistent biases.
Prior to founding NVAM, Naqvi gained extensive investment experience during 18 years at Citibank Global Asset Management, during which he was responsible for managing portfolios for large institutional clients. The portfolios
- 06/06/2016
The US CFTC has charged Haena Park (Park) and her companies Phaetra Capital GP, a/k/a/ Argenta Capital GP LLC, Phaetra Capital Management LP, a/k/a Argenta Capital LLC, and Argenta Group LLC, with fraudulently operating a commodity pool and misappropriation of pool participants’ assets.
The complaint also charges Park and Yul Kaseman with making false statements to the National Futures Association.
The CFTC complaint charges that from at least January 2010 through the present (the Relevant Period), Pool Defendants engaged in at least two fraudulent schemes in violation of the Commodity Exchange Act (Act): the Pool Defendants fraudulently solicited at least USD23
- 06/06/2016
Triad Securities Corp has appointed Michael Bird as Senior Managing Director, with responsibilities in their finance, operations and sales departments.
Bird most recently was the President of Vandham Securities. Previously he was with Merrill Lynch where, over his long tenure, he oversaw several businesses.
"I am excited to join Triad and be a part of Triad's growth and innovation. Triad provides mini-prime brokerage and IPO new issue services, with top-notch personnel and technology, and a great focus on our clients' needs," said Michael.
- 06/06/2016
Laven Legal Services to continue alternative funds expansion
Clients of Laven Legal Services, the law firm linked to Laven Partners, are to move to London-based law firm GRM Law’s expanding alternative funds and financial services team, led by partners Alper Deniz and David Egan.
In Luxembourg, GRM Law will partner with MMS Legal Services to provide a package of English law and Luxembourg Law advice within a single offering.
Since its foundation in 2005, Laven Partners has expanded into providing a range of services including compliance consulting (amongst which UK regulatory hosting), and due diligence on compliance and operational risks.
- 03/06/2016
The European Securities and Markets Authority (ESMA) has issued a Discussion Paper for public consultation on blockchain or distributed ledger technology (DLT).
ESMA is seeking feedback from stakeholders on the possible use of distributed ledgers in securities markets, potential benefits and the risks that such broader use may pose.
ESMA’s Discussion Paper also provides a stock-take, with a particular focus on post-trading activities, of the key EU regulations which would be applicable to DLT. The regulations identified and discussed include the European Market Infrastructure Regulation (EMIR), the Securities Finality Directive (SFD), and the Central Securities Depositories Regulation (CSDR). ESMA stresses
- 03/06/2016
The US CFTC has ordered Hong Kong-based bitcoin exchange, BFXNA Inc (Bitfinex) to pay a USD75,000 civil penalty for offering illegal off-exchange financed retail commodity transactions in bitcoin and other cryptocurrencies.
The penalty also relates to Bitfinex’s failure to register as a Futures Commission Merchant (FCM) as required by the Commodity Exchange Act (CEA).
Bitfinex operates an online platform for exchanging and trading cryptocurrencies, mainly bitcoins. The CFTC order finds that from April 2013 to at least February 2016, Bitfinex permitted users to borrow funds from other users on the platform in order to trade bitcoins on a leveraged,
- 03/06/2016
The Alternative Investment Management Association (AIMA) has welcomed the European Commission consultation on reducing barriers to the cross-border marketing of investment funds.
AIMA believes that barriers to the take-up of the so-called “passport” for investment funds have held back growth in the European economy and hurt savers and investors.
AIMA cited the imposition by many EU jurisdictions of registration and notification fees on funds, which can amount to hundreds of thousands of euros annually for individual firms, as a major obstacle to a better functioning single market for investment funds. These fee costs are often borne by the end
- 03/06/2016
Sanne Group (SANNE) has completed the acquisition of IDS Fund Services (IDS), a leading independent South African based provider of outsourced investment administration services to the asset management industry, with a particular focus on hedge fund clients.
IDS was established in 2002 and is based in Cape Town, South Africa with operations in Malta. IDS employs more than 140 staff, the majority of whom are based in its Cape Town headquarters, and administers structures and funds with assets in excess of R 80 billion (c. £.3.6 billion). Its services encompass middle office and back office functions, including NAV calculations, fund
- 03/06/2016
SS&C Technologies Holdings has successfully transitioned Citi’s hedge fund customers to the latest version of the Geneva platform – SS&C’s real-time portfolio management, reporting and investor accounting solution.
The swift implementation of Geneva 15.2 for Citi Alternative Investor customers demonstrates the value of SS&C’s synergistic acquisition strategy – with technology experts from Advent combining with Citi’s expertise to benefit clients.
With the latest version of Geneva (15.2), SS&C has enhanced its services by streamlining accounting workflows for complex asset classes such as bank loans and swaps, as well as offering easy access to other SS&C applications such as GoRisk
- 03/06/2016
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